AURELIUS European Opportunities IV a fund managed by AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) agreed to acquire LSG Lufthansa Service Holding AG from Deutsche Lufthansa AG on April 5, 2023. AURELIUS completed a debt financing to support the acquisition. The Financing consisted of a revolving credit facility. The LSG Lufthansa Service Holding AG generates a revenue of approximately $2 billion. The transaction is expected to close by Q3 2023, subject to relevant external approvals and internal carve-out activities.

Jakub Lorys, Tino Marz, Thomas Gierath, Matthias Töke, Joachim Fröhlich, Christian Reichel, Christian Koops, Patrick Wilkening, Nadine Neumeier, Dieter Schmitz, Andreas Schulz, Elizabeth Ebersole, Jennifer Trock and Christopher Guldberg from Baker & McKenzie of different locations acted as legal advisors to AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4). Morgan Stanley Group Inc. acted as financial advisor to Deutsche Lufthansa AG. Ines Keitel of Clifford Chance LLP acted as legal advisor to Deutsche Lufthansa AG. Ernst & Young Gmbh WirtschaftsprÜFungsgesellschaft acted as financial due diligence provider to Deutsche Lufthansa AG (XTRA:LHA). Marcel Nuys, Marius Boewe, Steffen Hoerner , Kai Liebrich, Christian Johnen, Lena von Richthofen, Florian Huerkamp, Hannes Jacobi, Nikolaus Moench, Marjel Dema, Janis Rentrop, Tobias Beuker, Marius Dicke, Mirko Gleitsmann, Anne Eckenroth, Caroline Wendt, David Rasche, Kristin Kattwinkel, Wladimir Leonhard, Tatiana Guenster, Simone Ziegler, Tim Abendschein and Justus ter Veen with office Düsseldorf/Frankfurt; Hilary Lau with office Hong Kong; Rudolph du Plessis with office Johannesburg; Mark Bardell, Kristen Roberts, Gabrielle Wong and Rachel Pinto with office London; James Robinson, Joseph Falcone and Jonathan Cross with office New York; Pietro Pouche with office Milan; and Nanda Lau with office Shanghai of Herbert Smith Freehills acted legal advisors to Deutsche Lufthansa AG. Ernst & Young Corporate Finance Beratung GmbH acted as financial advisor and due diligence provider to AURELIUS. Baird served as the exclusive debt advisor to AURELIUS on this transaction.

AURELIUS European Opportunities IV a fund managed by AURELIUS Equity Opportunities SE & Co. KGaA (XTRA:AR4) completed the acquisition of LSG Lufthansa Service Holding AG from Deutsche Lufthansa AG on October 31, 2023.